[ANN] FACTOM - Introducing Honesty to Record-Keeping - page 184.

Mrboot

legendary

Activity: 1204

Merit: 1000

Quote from: BlackJacky on November 03, 2016, 06:52:11 AM

Quote from: haggis on November 03, 2016, 05:15:14 AM

Quote from: BlackJacky on November 03, 2016, 03:51:43 AM

I know this has been explained already 1000 times and it is essential to understand Factom but could somebody explain again why Factoids are needed if a company can buy directly Entry Credits to use the Factom Blockchain?

Thx in advance

You need an incentive for node operators.

Because the factoids is a own blockchain and will need after milestone 3 own miner?

Servers not miners

BlackJacky

full member

Activity: 237

Merit: 100

Quote from: haggis on November 03, 2016, 05:15:14 AM

Quote from: BlackJacky on November 03, 2016, 03:51:43 AM

I know this has been explained already 1000 times and it is essential to understand Factom but could somebody explain again why Factoids are needed if a company can buy directly Entry Credits to use the Factom Blockchain?

Thx in advance

You need an incentive for node operators.

Because the factoids is a own blockchain and will need after milestone 3 own miner?

haggis

hero member

Activity: 984

Merit: 1000

Quote from: BlackJacky on November 03, 2016, 03:51:43 AM

I know this has been explained already 1000 times and it is essential to understand Factom but could somebody explain again why Factoids are needed if a company can buy directly Entry Credits to use the Factom Blockchain?

Thx in advance

You need an incentive for node operators.

Mrboot

legendary

Activity: 1204

Merit: 1000

Quote from: lolikop on November 02, 2016, 08:24:54 PM

Quote from: crazyivan on November 02, 2016, 11:06:39 AM

Quote from: Mrboot on November 02, 2016, 08:11:26 AM

Come on factom finish m2 i really looking foreward to have a normal wallet.

Exodus!

Definitely this. It s been so long waiting for this next milestone, lots of doubts in the company, lots of other companies starting to develop other interesting stuff. They really need to deliver, it s about time.

Ohh please factom team just deliver m2 without testing it pleaseee just so these guys can sell @ profit

Give me a break just shtup wait if u can or just sell now and move on

I only said it cause i would love a normal wallet and factom is not going to make it, im not selling before i think its maxed out.

https://github.com/FactomProject/factomd/commit/592a6b171b70f3041e4a89c8b9f5da4605e27516

Interresting.

Brian you asked people for testing, although im not really technical i do have some vps left, i will try testing it when m2 testnet is out and see if i can help.

BlackJacky

full member

Activity: 237

Merit: 100

I know this has been explained already 1000 times and it is essential to understand Factom but could somebody explain again why Factoids are needed if a company can buy directly Entry Credits to use the Factom Blockchain?

Thx in advance

YoyodyneSystems

legendary

Activity: 1386

Merit: 1023

Bitcoin is about to enter a month long downtrend back to mid to high 600s

Probably starting today or tomorrow.

So that would be a nice window for the Factom accumulator to make his move.
Something like what happened with the XMR 10x rise would be nice.
Maybe they are even the same group. Ya never know!

rakesh1_90

hero member

Activity: 686

Merit: 500

Fall seven times, stand up eight.

Quote from: GrossBit on November 03, 2016, 01:32:18 AM

Quote from: crazyivan on November 03, 2016, 01:21:33 AM

Still waiting for news from Brian or anyone else from Factom team. I refuse to believe they do not appreciate our invested money to the point they simply do not care. So, keep your faith and stay positive. The moment will come.

don't worry. Brian (or was it Paul ?) said he last bought FCT the day just before the (Tim Draper news) press release, and FCT was up 30% so i guess we will see more of the same before M2 news...

Possibly true, But we are in an accumulation phase now.
The so-called "corner" seems closer. Wink

GrossBit

full member

Activity: 174

Merit: 100

Quote from: crazyivan on November 03, 2016, 01:21:33 AM

Still waiting for news from Brian or anyone else from Factom team. I refuse to believe they do not appreciate our invested money to the point they simply do not care. So, keep your faith and stay positive. The moment will come.

don't worry. Brian (or was it Paul ?) said he last bought FCT the day just before the (Tim Draper news) press release, and FCT was up 30% so i guess we will see more of the same before M2 news...

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Still waiting for news from Brian or anyone else from Factom team. I refuse to believe they do not appreciate our invested money to the point they simply do not care. So, keep your faith and stay positive. The moment will come.

rakesh1_90

hero member

Activity: 686

Merit: 500

Fall seven times, stand up eight.

If you guys dont know, there is a ignore button you could use specifically for degenerated kids a.k.a fudking, and also a report to moderator function on the bottom right of every post.

GrossBit

full member

Activity: 174

Merit: 100

With BTC exploding higher again to new highs for the year, we can expect another very volatile (illiquid) weekend with stop-hunting activity where we could see a further spike in BTC and stop losses in anything not BTC , including FCT.
I think keeping margin longs (as opposed to cash longs) is a very bad idea as one can be forced out easily. It is an ideal setup to make the market trade at distressed prices like last weekend. The low from last weekend is 0.00227.

How low we would go depends more on liquidity than anything else. Charts are oversold. Some other alts have seen sporadic buys and well off their bottom (example LSK, AMP)... I think its momentum traders selling short anything not BTC on Polo trying to trigger stop losses (maybe Polo traders with inside information looking at the stop losses orders and trying to trigger cascade !!!). so i would expect a good bounce after such price action, but if the BTC rally is just beginning , maybe not so against FIAT (USD/EUR), but FCTBTC pair would still be headed further lower in the medium term, like other alts

Remember the ultimate chart objective from the weekly divergence is 0.0015... (and thats just a chart level, there's no magic dam there)

GrossBit

full member

Activity: 174

Merit: 100

Quote from: D-Lux on November 02, 2016, 09:01:50 PM

Link to an important discussion if you happen to be trading FCT in Margin:

www.reddit.com/r/ethtrader/comments/458bg1/psa_understanding_the_dangers_of_poloniexs_margin/

Bottom line is if you've margin-longed FCT with FCT as collateral, you really need to be careful.

that is really an idiotic thing to do, and the surest way of getting REKT sooner rather than later

D-Lux

sr. member

Activity: 385

Merit: 250

Link to an important discussion if you happen to be trading FCT in Margin:

www.reddit.com/r/ethtrader/comments/458bg1/psa_understanding_the_dangers_of_poloniexs_margin/

Bottom line is if you've margin-longed FCT with FCT as collateral, you really need to be careful.

caffeine93

newbie

Activity: 41

Merit: 0

Quote from: lolikop on November 02, 2016, 08:24:54 PM

Quote from: crazyivan on November 02, 2016, 11:06:39 AM

Quote from: Mrboot on November 02, 2016, 08:11:26 AM

Come on factom finish m2 i really looking foreward to have a normal wallet.

Exodus!

Definitely this. It s been so long waiting for this next milestone, lots of doubts in the company, lots of other companies starting to develop other interesting stuff. They really need to deliver, it s about time.

Ohh please factom team just deliver m2 without testing it pleaseee just so these guys can sell @ profit

Give me a break just shtup wait if u can or just sell now and move on

I'm not afraid of other companies developing "interesting" stuff, if by that he means "competitive". You see how long it takes to develop things that are really meant to work and test them properly..so no fear of anything similar jumping in front of Factom. Although, some competition could make Factom team shift into a higher gear, just jk Grin

lolikop

hero member

Activity: 644

Merit: 500

Quote from: crazyivan on November 02, 2016, 11:06:39 AM

Quote from: Mrboot on November 02, 2016, 08:11:26 AM

Come on factom finish m2 i really looking foreward to have a normal wallet.

Exodus!

Definitely this. It s been so long waiting for this next milestone, lots of doubts in the company, lots of other companies starting to develop other interesting stuff. They really need to deliver, it s about time.

Ohh please factom team just deliver m2 without testing it pleaseee just so these guys can sell @ profit

Give me a break just shtup wait if u can or just sell now and move on

Pap0u

sr. member

Activity: 644

Merit: 250

Go cheaper please. Let daddy load up Wink

Easy profit if you shorted at 31-32. Scooping Factom up with easy margin swing profits. Whoever is making this possible, I love you

Capoboss

sr. member

Activity: 301

Merit: 250

I like the concept of factom and its one of the few blockchain technologies thats near to a real world implementation

rowenta01

sr. member

Activity: 1216

Merit: 333

why have you censored me?
I had just written: "good article" on the previous link ...
Can you explain to me?
Regards,

Pap0u

sr. member

Activity: 644

Merit: 250

https://steemit.com/factom/@ph03n1xii/why-factom-is-a-buy

kprell40

hero member

Activity: 546

Merit: 500

Hello all

I'm new to Factom but much as I read About it , it is very interesting I'm in .

Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 184. (Read 2115898 times)